Box, Inc. (NYSE:BOX) Given Consensus Rating of “Hold” by Brokerages

Shares of Box, Inc. (NYSE:BOX) have been given a consensus rating of “Hold” by the nine brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $35.5714.

A number of research analysts recently issued reports on the stock. Morgan Stanley dropped their price objective on shares of BOX from $38.00 to $33.00 and set an “equal weight” rating for the company in a report on Thursday, March 12th. UBS Group decreased their price target on shares of BOX from $31.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, March 4th. Wall Street Zen raised shares of BOX from a “hold” rating to a “strong-buy” rating in a research note on Saturday, March 14th. Weiss Ratings reiterated a “hold (c+)” rating on shares of BOX in a report on Monday, December 29th. Finally, Citigroup reduced their price objective on shares of BOX from $40.00 to $36.00 and set a “buy” rating on the stock in a research note on Wednesday, March 4th.

BOX Stock Up 0.8%

Shares of BOX opened at $24.66 on Friday. BOX has a 12-month low of $21.61 and a 12-month high of $38.80. The business has a 50-day simple moving average of $25.06 and a two-hundred day simple moving average of $29.25. The stock has a market cap of $3.53 billion, a PE ratio of 41.79, a PEG ratio of 1.26 and a beta of 0.80.

BOX (NYSE:BOX) last announced its quarterly earnings results on Tuesday, March 3rd. The software maker reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.16. The firm had revenue of $305.88 million for the quarter, compared to analyst estimates of $305.64 million. BOX had a negative return on equity of 23.61% and a net margin of 9.80%.The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period last year, the firm posted $0.42 earnings per share. On average, equities research analysts expect that BOX will post 0.27 EPS for the current year.

Insiders Place Their Bets

In other BOX news, CFO Dylan C. Smith sold 17,000 shares of the company’s stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $29.57, for a total value of $502,690.00. Following the sale, the chief financial officer owned 1,328,195 shares in the company, valued at approximately $39,274,726.15. The trade was a 1.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Olivia Nottebohm sold 4,612 shares of the stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $25.78, for a total value of $118,897.36. Following the completion of the sale, the chief operating officer directly owned 465,219 shares of the company’s stock, valued at approximately $11,993,345.82. The trade was a 0.98% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 79,836 shares of company stock valued at $2,091,096. 3.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. First Horizon Corp lifted its position in shares of BOX by 148.1% in the 4th quarter. First Horizon Corp now owns 831 shares of the software maker’s stock worth $25,000 after purchasing an additional 496 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of BOX during the fourth quarter worth $26,000. Geneos Wealth Management Inc. bought a new position in BOX during the first quarter worth $31,000. Salomon & Ludwin LLC bought a new position in BOX during the third quarter worth $32,000. Finally, Employees Retirement System of Texas acquired a new position in BOX in the third quarter valued at $35,000. Institutional investors own 86.74% of the company’s stock.

About BOX

Box, Inc is a leading provider of cloud content management and file sharing solutions designed to support enterprises in securely managing, accessing and collaborating on digital content from anywhere. The company offers a unified platform that enables organizations to store, share and automate workflows across various departments, enhancing productivity and ensuring governance over sensitive information. Box’s services are tailored to meet the needs of industries such as healthcare, financial services, government and media, where compliance and data security are paramount.

The core offerings of Box include its Content Cloud platform, which provides content collaboration, workflow automation, data classification and secure file sharing.